Patriot Scientific

Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

almost 13 years ago

in response to jldmt's message

The 10-Q also states "Revenue from technology license agreements is recognized at the time a contract is entered into, the license method is determined (paid-in-advance or on-going royalty), and the customer is provided with the licensed technology, if applicable.".

So, two things:

1. It is possible that some licensees took or were required to take an on-going royalty approach. If so, at what payment frequency and how are the payments recognized (e.g. on receipt of the periodic payment?). Can anyone deduce from quarterly reports a trend of quarterly (or annual) payments?

2. If Apple was "paid-in-advance" then if they have already entered into a contract surely the revenue per the above is already recognized. Maybe they are waiting pending any MMP challenge on ARM by TPL?